The first bankruptcy filing from a storage networking startup occurred in June. Sanrise Inc., the storage service provider that raised over $200 million in venture funding, is doing its utmost to stay alive through a Chapter 11 reorganization, but is unlikely to survive, analysts say (see Sanrise Files Chapter 11).
And the list of struggling startups is growing daily. Still, there are one or two wily ones shifting tack while there's still time. StoneFly Networks Inc. is a good example: It's now selling a low-end iSCSI router instead of trying to build a much more expensive, long lead time, giant SAN switch. Phew! That was a close one (see StoneFly Takes Second Crack).
There are still pockets of hope among the other startups on our list too check out NuView Inc., which zips in at No. 5, replacing Acirro.
For all those currently on our Top Ten, bon chance! It's going to take all your powers to battle through this one.
Table 1: Top Ten Private Storage Networking Companies
| Company | Name | Last Position on List | Number of Weeks on List |
| 1 | InterSAN | ||
| 2 | BlueArc | ||
| 3 | DataCore | ||
| 4 | Nishan | ||
| 5 | NuView | ||
| 6 | Pirus | ||
| 7 | Alacritech | ||
| 8 | PolyServe | ||
| 9 | GlassHouse | ||
| 10 | LeftHand | ||
| BIT BUCKET | |||
| Name | Last Position on List | Number of Weeks Listed | |
| NEW | Acirro | ||
| SANcastle | |||
| Scale Eight | |||
| 3PARdata | |||
| Storigen | |||
| Cereva | |||
| TrueSAN | |||
| Troika | |||
| Zambeel | |||
| Yotta Yotta | |||
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